Wells Fargo analyst Mike Mayo raised the firm's price target on JPMorgan (JPM) to $130 from $115 and keeps an Overweight rating on the shares. Mayo raised his targets on 16 large cap banks following the better than expected jobs data, citing more confidence that he's been conservative with his modeling. The analyst remains a buyer of banks, especially the largest, including Citigroup (C), which he identifies as his favorite, other money centers such as BofA (BAC) and JPMorgan and large banks like U.S. Bancorp (USB) and PNC Financial (PNC).

Wells Fargo analyst Mike Mayo raised the firm's price target on Citi (C) to $72 from $60 and keeps an Overweight rating on the shares. Mayo raised his targets on 16 large cap banks following the better than expected jobs data, citing more confidence that he's been conservative with his modeling. The analyst remains a buyer of banks, especially the largest, including Citigroup, which he identifies as his favorite, other money centers such as BofA (BAC) and JPMorgan (JPM) and large banks like U.S. Bancorp (USB) and PNC Financial (PNC).

Wells Fargo analyst Mike Mayo raised the firm's price target on Bank of America (BAC) to $35 from $30 and keeps an Overweight rating on the shares. Mayo raised his targets on 16 large cap banks following the better than expected jobs data, citing more confidence that he's been conservative with his modeling. The analyst remains a buyer of banks, especially the largest, including Citigroup (C), which he identifies as his favorite, other money centers such as BofA and JPMorgan (JPM) and large banks like U.S. Bancorp (USB) and PNC Financial (PNC).

As previously reported, CTFN's Sarah Cohen issued a report to subscribers regarding Google's (GOOGL) desire to add to its security offerings to better compete against Microsoft (MSFT) and Amazon (AMZN) in the cloud. A source told her that Zscaler (ZS) was rumored to be for sale but now "few can afford it" given the way the stock has reacted during the pandemic, Cohen tells the M&A focused sites subscribers. Cohen also noted that "observers following the space posited" that Qualys (QLYS) might be considering a sale, with one source speculating that "Qualys may fit into Google's sweet spot," according to the report. Reference Link

CTFN's Sarah Cohen issued a report to subscribers regarding Google's (GOOGL) desire to add to its security offerings to better compete against Microsoft (MSFT) and Amazon (AMZN). For more on the story, which is available exclusively to CTFN subscribers, request a trial here.

Fauci said he is "cautiously optimistic" that "at least one" Phase 3 trial testing a COVID_19 vaccine candidate can start in early July and that "a few others" should be able to start by early fall. If things break correctly, "we can have an answer" by the end of this calendar year or early in 2021 if there is a safe and effective vaccine that has been found, added Fauci. Companies working on potential COVID-19 vaccines include Moderna (MRNA), AstraZeneca (AZN), Johnson & Johnson (JNJ), Merck (MRK), Pfizer (PFE), Novavax (NVAX) and Inovio (INO). Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, is being interviewed on CNBC.

Cleveland Research analyst Scott Bender, who does not formally cover Chewy, says research continues to be positive on the company's execution, resulting in "strong" sales growth and customer acquisition. Channel feedback suggests Chewy's Q1 sales trends finished ahead of channel expectations and that the company saw a "meaningful" increase in active consumer growth over the past few months, Bender tells investors in a research note. The analyst's outlook continues to be positive for Chewy.

A "massive" three-alarm fire was reported at an Amazon distribution center in Redlands, California on Friday morning, according to Fox 11 Los Angeles. Part of the 10 Freeway is currently closed due to the fire and officials have said everyone is accounted for and is out of the building, according to the report. Reference Link